The Democrats take the House, and the Republicans hold the Senate. As of 4:50 a.m. ET on Wednesday, the Democrats held 219 House seats (218 needed for a majority), and the Republicans held 51 Senate seats (50 needed for a majority counting a tiebreaker from the vice president) with several seats in both chambers still up for grabs, according to the Associated Press.

Nancy Pelosi signals Democrats won’t move to impeach Trump. “I get criticized in my own party for not being in support of it,” the House minority leader told PBS’ Judy Woodruff. “But I’m not. If that happens, it would have to be bipartisan, and the evidence would have to be so conclusive.”

Stocks are rallying. The S&P 500 is on track to open higher by about 1% after a mixed overnight session saw China’s Shanghai Composite (-0.68%) slide and Britain’s FTSE (+1.22%) gain.

One expert says Elon Musk and other short-selling opponents have the situation all wrong. “Just because someone borrowed the stock doesn’t mean it finds its way into the marketplace as a transacted short sale,” Bob Sloan, the managing partner at the financial technology and analytics firm S3 Partners, told Business Insider. “Those two things are very different from one another. And yet, because of how data has been contributed to the marketplace, those two things — the borrow and the executed short sale — have become conflated as the same thing. And they’re not.”